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The Home Depot Foundation commits up to $2 million for Hurricane Helene relief

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The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities affected by Hurricane Helene. The Foundation is working with various nonprofit partners to provide essential support:

- Convoy of Hope and Operation Blessing are distributing food, water, and supplies.
- World Central Kitchen is providing meals in Florida, Georgia, and North Carolina.
- American Red Cross has opened shelters for over 9,000 people.
- Team Rubicon and Inspiritus are conducting damage assessments.
- ToolBank Disaster Services is supplying tools for cleanup efforts.

Team Depot, The Home Depot's volunteer force, is donating supplies and will assist in cleanup efforts across affected states. The Homer Fund is providing financial support to impacted Home Depot associates.

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Positive

  • Commitment of up to $2 million for Hurricane Helene relief efforts
  • Collaboration with multiple nonprofit partners for efficient disaster response
  • Demonstration of corporate social responsibility, potentially enhancing brand image

Negative

  • None.

News Market Reaction 1 Alert

+1.42% News Effect

On the day this news was published, HD gained 1.42%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, Sept. 30, 2024 /PRNewswire/ -- The Home Depot Foundation is committing up to $2 million to support immediate disaster relief in communities impacted by Hurricane Helene.

The Foundation's nonprofit partners are mobilizing teams and resources to assess damage, deliver relief supplies and begin cleanup and repairs, including:

  • Convoy of Hope and Operation Blessing are establishing bases of operation across the Southeast to distribute food, water, hygiene items, cleaning supplies, meals and more to impacted communities.
  • World Central Kitchen has been distributing meals in Florida, Georgia and North Carolina, while the American Red Cross has opened shelters to support more than 9,000 people in hard-hit areas.
  • Team Rubicon and Inspiritus are conducting damage assessments to determine where they can support with debris removal from roadways.
  • ToolBank Disaster Services and its affiliates across Florida are supplying tools and equipment to local organizations to support cleanup efforts.

Team Depot, The Home Depot's associate volunteer force, is donating relief supplies to nonprofits, first responders and government agencies, and volunteers will be on the ground in the coming days and weeks to help clean up in local communities in North Carolina, South Carolina, Florida and Georgia, including The Home Depot's hometown of Atlanta.

"Our thoughts are with the communities that have been impacted by Hurricane Helene," said Erin Izen, executive director of The Home Depot Foundation. "The Foundation and Team Depot are working alongside our disaster relief partners to assist the people and areas impacted by this catastrophic storm."

The Homer Fund, The Home Depot's employee assistance fund, is providing immediate financial support to impacted associates in need of safe housing, food and clothing while displaced.

About The Home Depot Foundation 

The Home Depot Foundation, the nonprofit arm of The Home Depot (NYSE: HD), works to improve the homes and lives of U.S. veterans, support communities impacted by natural disasters and train skilled tradespeople to fill the labor gap. Since 2011, the Foundation has invested more than $500 million in veteran causes and improved more than 60,000 veteran homes and facilities. The Foundation has pledged to invest $750 million in veteran causes by 2030 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program by 2028. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on X @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-home-depot-foundation-commits-up-to-2-million-for-hurricane-helene-relief-302261973.html

SOURCE The Home Depot Foundation

FAQ

How much has The Home Depot Foundation committed for Hurricane Helene relief?

The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities impacted by Hurricane Helene.

What areas are receiving support from The Home Depot Foundation (HD) for Hurricane Helene relief?

The Home Depot Foundation is supporting relief efforts in North Carolina, South Carolina, Florida, and Georgia, including Atlanta, which is The Home Depot's hometown.

How is The Home Depot Foundation (HD) assisting employees affected by Hurricane Helene?

The Homer Fund, The Home Depot's employee assistance fund, is providing immediate financial support to impacted associates for safe housing, food, and clothing while displaced.

What nonprofit organizations is The Home Depot Foundation partnering with for Hurricane Helene relief?

The Home Depot Foundation is partnering with Convoy of Hope, Operation Blessing, World Central Kitchen, American Red Cross, Team Rubicon, Inspiritus, and ToolBank Disaster Services for Hurricane Helene relief efforts.
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